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8. (1) For the purposes of paragraph 7—
(a)“a relevant regulated activity” means an activity of the following kind—
(i)dealing in investments, as principal or as agent;
(ii)arranging deals in investments;
(iii)operating a multilateral trading facility;
(v)safeguarding and administering investments;
(vi)establishing, operating or winding up a collective investment scheme; and
(b)for these purposes “investment” means—
(ii)instruments creating or acknowledging indebtedness;
(iii)instruments giving entitlement to investments
(iv)certificates representing securities;
(v)units in a collective investment scheme;
(viii)contracts for differences; and
(ix)rights to or interests in investments.
(2) Paragraph 7 and this paragraph must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section; and
(c)Schedule 2 to that Act,
but any restriction on or exclusion from the meaning of a regulated activity for the purposes of paragraph 7 which arises from the identity of the person carrying on such activity is to be disregarded.
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